Association Reserve Fund Planning and Management: Free Excel Workbooks with Companion Management Guides for Association Boards - United States, Mexico, and Canada Editions.
Practical Guides and Workbooks for Best Practices in Condominium, Cooperative, and Homeowners Association Reserve Fund Management.
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How to Manage a Condo, Cooperative, HOA Reserve Funds
Set the annual reserve budget. Use the reserve study to plan contributions and identify the projects expected for the year.
Authorize each project. Document the scope, estimated cost, funding source, and board approval in the Project Proposal Workbook.
Track spending and balances. Record commitments and actual expenditures in the Project Tracking Workbook.
Reconcile at year-end. Compare actual spending and ending balances with the budget and reserve study, then carry the findings into next year’s plan.
